AUDUSD Daily Analysis – March 31, 2014

AUDUSD continued its upward movement from 0.8995, and the rise extended to as high as 0.9294. Support is at 0.9200, as long as this level holds, the fall from 0.9294 could be treated as consolidation of the uptrend, another rise towards 0.9400 is still possible. Only break below 0.9200 support could signal completion of the uptrend.

audusd chart